MoneyLion Inc. (NYSE:ML) CEO Diwakar Choubey Sells 18,506 Shares

MoneyLion Inc. (NYSE:ML) CEO Diwakar Choubey sold 18,506 shares of the business’s stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $87.26, for a total value of $1,614,833.56. Following the transaction, the chief executive officer now directly owns 320,865 shares of the company’s stock, valued at $27,998,679.90. This represents a 5.45 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Diwakar Choubey also recently made the following trade(s):

• On Friday, November 29th, Diwakar Choubey sold 16,080 shares of MoneyLion stock. The stock was sold at an average price of $90.44, for a total transaction of $1,454,275.20.
• On Wednesday, November 27th, Diwakar Choubey sold 720 shares of MoneyLion stock. The stock was sold at an average price of $90.01, for a total value of $64,807.20.

MoneyLion Trading Down 0.1 %

NYSE ML opened at $86.24 on Friday. MoneyLion Inc. has a 12 month low of $36.65 and a 12 month high of $106.82. The stock has a 50-day simple moving average of $86.65 and a 200 day simple moving average of $65.98. The company has a market capitalization of $957.29 million, a PE ratio of 392.01 and a beta of 3.06.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on ML shares. Northland Securities boosted their price target on shares of MoneyLion from $80.00 to $100.00 and gave the company an “outperform” rating in a research report on Wednesday, November 27th. Oppenheimer raised MoneyLion from a “market perform” rating to an “outperform” rating and set a $80.00 target price on the stock in a report on Thursday, November 7th. Lake Street Capital reaffirmed a “hold” rating and set a $82.00 price target (down from $109.00) on shares of MoneyLion in a report on Wednesday, December 11th. Finally, Needham & Company LLC reiterated a “hold” rating and issued a $100.00 price objective on shares of MoneyLion in a research report on Wednesday, December 11th. Two equities research analysts have rated the stock with a hold rating, four have given a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, MoneyLion presently has a consensus rating of “Buy” and a consensus price target of $100.00.

Hedge Funds Weigh In On MoneyLion

Hedge funds and other institutional investors have recently made changes to their positions in the company. Covestor Ltd increased its position in shares of MoneyLion by 63.6% during the third quarter. Covestor Ltd now owns 656 shares of the company’s stock worth $27,000 after acquiring an additional 255 shares in the last quarter. SBI Securities Co. Ltd. acquired a new position in MoneyLion in the 4th quarter worth $29,000. Point72 DIFC Ltd bought a new position in MoneyLion during the 3rd quarter worth about $40,000. FMR LLC raised its stake in shares of MoneyLion by 154.6% in the 3rd quarter. FMR LLC now owns 1,049 shares of the company’s stock valued at $44,000 after purchasing an additional 637 shares during the period. Finally, New York State Teachers Retirement System bought a new stake in shares of MoneyLion in the fourth quarter valued at about $67,000. 31.43% of the stock is owned by institutional investors.

About MoneyLion

MoneyLion Inc, a financial technology company, provides personalized products and financial content for American consumers. The company's platform offers access to banking, borrowing, and investing solutions for customers. Its principal products include RoarMoney, an insured digital demand deposit account; Instacash, a cash advance product that gives customers early access to their recurring income deposits; Credit Builder Plus membership program; MoneyLion Investing, an online investment account that offers access to separately managed accounts invested based on model exchange-traded fund portfolios; Roundups, which provides features designed to encourage customers to establish good saving and investing habits; and MoneyLion Crypto, an online cryptocurrency account.